Multiple Choice
The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. I Martinez invested cash in his new design services business.
Mar. 2 Paid the first month 5 rent of \$800.
Mar. 3 Purchased equipment by paying $3,000 cash and executing a note payable for $5,000.
Mar. 4 Purchased office supplies for cash.
Mar. 5 Eilled a client for of design services completed.
Mar. 6 Received $8,000 on account for the services previously recorded.
-According to the above transactions.What is the balance in Cash?
A) $13,250
B) $12,450
C) $15,450
D) $14,000
Correct Answer:

Verified
Correct Answer:
Verified
Q11: Journalizing a transaction involves _.<br>A) calculating the
Q41: Which of the following sequences states the
Q43: The trial balance is one of the
Q48: A business pays $500 cash for office
Q50: Which of the following is a source
Q67: Which of the following details is provided
Q81: A business makes a cash payment of
Q144: The process of transferring data from the
Q152: For Owner's Capital,the category of account and
Q207: Which of the following is the correct